The metal recycling market size is estimated to grow from USD 277.12 Billion in 2015 to reach USD 406.16 Billion by 2020, at a CAGR of 7.95%. The segments considered for this report are based on the metal type, scrap type, end-use sector of recycled metal, and region. The segmentation based on metal type consists of ferrous and non-ferrous scrap for recycling. Scrap type involves old scrap and new scrap taken up for recycling. The end-use sectors for recycled metal are building & construction, automotive, packaging, equipment manufacturing, shipbuilding, and consumer appliances. The final segment, that is, region, consists of North America, Europe, Asia-Pacific, and Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. Factors such as increasing urban population, rapid industrialization, growing concerns about the depletion of natural resources, and laws & regulations, have propelled the growth of the global metal recycling industry.

The research methodology used to estimate and forecast the metal recycling market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global metal recycling market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below:

MarketsandMarkets projects that the metal recycling market size will grow from USD 277.12 Billion in 2015 to reach USD 406.16 Billion by 2020, at an estimated CAGR of 7.95%. The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as building & construction, metal fabrication, electronics, medical & health care equipment, automotive, and packaging are the major factors driving the growth of the metal recycling market. Additionally, with rapid urbanization, growth in infrastructural activities, and increasing industrialization, there is an increasing need for metal products. The strict laws pertaining to waste management & recycling, increasing awareness of the efficient use of natural resources, and demand for recycled metal have led the public sector bodies such as municipalities and private sector which involves companies offering environmental services such as collection and recycling of metal waste to take active part in the recovery of metal from scrap.

Metals are used to manufacture a variety of products such as home appliances, automotive parts and components, beverage containers, packaging, jewelry, and furniture. The extensive use of metals demands proper management of its life cycle. The largest amount of recycled metal in 2014 is projected to be used in the building & construction sector. With the implementation of regulations such as Extender Producers Responsibility, recycling of end-of-life vehicles, and WEEE guidelines, the use of recycled metal in the automotive and equipment manufacturing industry is also projected to occupy a large share.

The segments considered for this report are based on the metal type, scrap type, end-use sector of recycled metal, and region. The segmentation based on metal type consist of ferrous and non-ferrous scrap for recycling. Recycling ferrous metals is a huge market which is projected to grow at a high growth rate between 2015 and 2020. Iron and steel scrap are some of the most widely recycled ferrous metals in the world. This scrap comes from end-of-life products and scrap generated through manufacturing processes. The use of scrap in steel production has formed an integral part of the steel making industry.

Acquisition and divestitures were the major strategies adopted by most of the players in the metal recycling market. Companies such as ArcelorMittal (Luxembourg), Nucor Corporation (U.S.), Commercial Metals Company (U.S.), Sims Metal Management Limited (U.S.), Aurubis AG (Germany), and Remondis SE & Co. KG (France) were the key players who adopted this strategy to increase the reach of their offerings, improve their production capacity, and focus more on core operations. Companies aim to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing regions.

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Client Consult Problem Statement :

MnMs client was interested in assessing current and future market situation of key minerals produced in the African region  hence wanted to derive the overall market for mining equipment being used for the production of these minerals and lubricant usage for maintaining these equipment. The client also wanted to understand the key mining pockets across the leading countries and the equipment being used for mining activity in these key pockets. The project scope also included the mineral production details and mining equipment used for different mining activities including: surface mining, and underground mining.

Solution Provided:

Methodology Adopted by MnM: MnM carried out this study through a combination of extensive sec....

Methodology Adopted by MnM: MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders across the value chain of mining industry and equipment manufacturers.

Both, top-down and bottom-up approaches were used to cover key sources of secondary information that included Mining Databases, Mining Industry Associations, Company Websites & Annual Reports to understand key minerals produced across key mining pockets in different countries of African region. All these inputs were validated from primary research involving key industry experts with extensive knowledge on geology of key mining pockets and mining equipment usage across these mining pockets.

By conducting detailed and informative primary discussions within these respondent categories across various functions, MnM analyzed current & forecast quantitative market information, and developed deep-dive qualitative insights into industry trends & dynamics across each of the target countries. In total, MnM conducted more than 200 primary discussions, of which around 85 were within the key mining operators, while balance around 65 spanned across covering equipment manufacturers & local distributors, another 50 were with mining experts and other key opinion leaders.

Actual Solution Provided: Through this granular study, MnM analyzed the market dynamics for mining equipment usage, which included recent developments, competitive positioning, growth opportunities, burning issues, growth drivers and restraints in focused geographies in order to select the appropriate market for clients entry.

Value Delivered:

MnMs client was able to identify & select key markets for entry, and formulated its market entry strategy. MnM has provided the break-up of key mineral production details and Mining equipment usage across categories and countries  hence, the study assisted the client in making strategic decisions for projecting the demand for Lubricant usage for Mining equipment in African region.

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